Jeff Booth

Most Bitcoiners know, well, not most, but many Bitcoiners know that neither side is gonna fix this money.

It's a debt-based system, and like you mentioned, you know, Jeff Booth always says that these two systems are incompatible because one is deflationary, one is inflationary.

So you're kind of saying the same thing, that they just do not go together.

Yeah.

The infinite game.

The infinite game, I think Jeff Booth calls it.

Right? Like, you get to be in the infinite game or the zero-sum game, whichever, you know.

Wh- I'd rather be in the infinite game.

So a part of the toxic culture, and I love your perspective, Rev, uh, um, you know, I agree with what you're saying, Reed.

But a part of this is it gets, especially when you start touching Jeff Booth and, you know, a, a lot of those guys, like, I love what they're saying.

I eat it up, right? Like, that's the hopium that keeps me alive sometimes.

But, like, you know, the, the reality is I don't think everybody...

It's like switching to a totally different money.

It's literally the paradigm shift that Jeff Booth talks about.

It's just you go into another paradigm and when you're there, you can look back and just understand, you know, what you were part of.

So I kind of want to switch, you know, next 20-ish minutes to Bitcoin and... to Luke Grohman to start.

We met at Camp Nakamoto the last two years.

I want to start by giving those guys a shout out, Angelo and Jeff and the rest of the squad over there.

And we've had some extremely deep and fruitful conversations that I've really enjoyed and have helped me go deeper down the Bitcoin rabbit hole.

And so I appreciate you guys joining today.

And one of them is understanding, because we love contrarian ideas.

the implications of what you guys are talking about are so massive that it's hard to wrap our heads around.

And the idea that maybe quantum computing is not a threat to Bitcoin, that was the topic that you guys were on stage at Bitcoin Vegas talking with Jeff Booth about.

And so there's all these angles that are like, oh, whoa, it makes you completely rethink everything.

Yep.

Because we vote them in, and like Jeff Booth always says, there is no they, only us.

We are all part of this, and we are the people who vote people in.

Unfortunately, the system's broken, and then many of those people become corrupt because it's just too enticing.

Absolutely.

It's ...

I, I, I like what you say, what Jeff Booth said.

It's, it's not just them and us.

Bitcoin? There's no question in my mind.

I'm a big, let's say, early stage Jeff Booth disciple in terms of embracing his view that innovation is inherently deflationary.

Governments need to fight off the deflation.

But at some point, two things happen.

Even if they live a lifestyle where they sacrifice they can't afford to send their kids to school.

And that's because the distribution wealth has gotten so big.

So I think the Jeff Booth argument has reached the breaking point and where AI fits in is AI is a democratizing force for education.

You don't need to go to school.

Ben Sessions says the last person to adopt Bitcoin on Earth will still benefit from Bitcoin.

Jeff Booth, right? Eight billion people in service of eight billion people.

I really resonate with that message a lot.

Yeah, I like that.

There's so much to stay on top of.

How do you, to borrow a phrase from Jeff Booth, how do you find signal in a noisy world? How do you guys do it personally as credentialed journalists, as truth tellers? How do you sort through the noise and find the signal these days? It's getting harder.

Well, I think number one is entropy at the end of the day.

And I personally have found that interacting with people in person on the ground, performing real journalism is the best source.

And I think, Peter, one of the things as Bitcoiners that we come to terms with over time, even though most people come to Bitcoin originally, the number go up.

It takes us on a bit of a history lesson, doesn't it? You know, the more in Bitcoin, we start to learn a bit about the history of money and fiat currencies and central banking and listening to people like, you know, Jeff Booth, your good friend, and Larry Lepard.

And just, yeah, it's just, this is why I just think that In fact, I can't think of a better thing or a more important thing is probably the term that people of our kind of vintage should be learning about now than Bitcoin because of all the rabbit holes that it kind of opens up.

Even if you didn't buy a single Satoshi or it took you some time to do so.